Eight brokerages recommend 58 stocks for Diwali portfolios
The recommendations span various sectors including banking, defence, and IT, with Eternal and L&T appearing in multiple portfolios.
Eight brokerages have identified 58 stocks with potential upside for investors looking to diversify portfolios this Diwali, according to The Economic Times.
The participating firms include Anand Rathi, Geojit, JM Financial, Axis Direct, SMIFS, Motilal Oswal Wealth Management, ICICI Direct, and SBI Securities. These recommendations cover sectors such as banking, defence, capital goods, pharmaceuticals, IT, automobiles, and hospitality.
Eternal, Larsen & Toubro (L&T), and Indian Hotels Company are the most widely recommended, each appearing in four brokerage portfolios. Eternal was picked by Geojit, JM Financial, Axis Direct, and Motilal Oswal Wealth Management, while L&T was recommended by Geojit, JM Financial, SMIFS, and Motilal Oswal Wealth Management.
Indian Hotels Company was included by Geojit, Axis Direct, ICICI Direct, and SBI Securities. Kotak Mahindra Bank also appeared in the portfolios of Geojit, Motilal Oswal Wealth Management, and ICICI Direct.
SMIFS identified TVS Supply Chain Solutions as a high-return opportunity with a target price of Rs 240 against a current market price of Rs 111, representing a 116 per cent upside. Swiggy follows with an estimated 104 per cent upside, while Mazagon Dock Shipbuilders has a target price of Rs 2,905 against a current market price of Rs 1,731.
ICICI Direct identified Venus Pipes and Tubes with a 34 per cent estimated upside, while Axis Direct's recommendations include DCB Bank and Elecon Engineering Company, both with a 20 per cent projected upside. SBI Securities assigned its highest upside potential to Sambhv Steel at 22 per cent.